| Schedule of Accrued Revenues and Net Receipts/(Costs) in Liquidation |
At June 30, 2025 and December 31, 2024, the Company accrued the following net receipts/(costs) expected to be incurred during liquidation (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30,
2025 |
|
|
December 31, 2024 |
|
Interest income |
|
$ |
558 |
|
|
$ |
960 |
|
General and administrative expenses |
|
|
(3,738 |
) |
|
|
(3,808 |
) |
Total liability for estimated costs in excess of estimated receipts during liquidation |
|
$ |
(3,180 |
) |
|
$ |
(2,848 |
) |
|
| Schedule of Changes in Estimated Costs and Estimated Receipts During Liquidation |
The change in estimated costs and estimated receipts during liquidation for the six months ended June 30, 2025 and 2024 is as follows (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
January 1,
2025 |
|
|
Net Change
in Working
Capital (1) |
|
|
Remeasurement
of Assets and
Liabilities |
|
|
June 30,
2025 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Estimated inflows of interest income |
|
$ |
960 |
|
|
$ |
(1,027 |
) |
|
$ |
625 |
|
|
$ |
558 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
General and administrative expenses |
|
|
(3,808 |
) |
|
|
4,992 |
|
|
|
(4,922 |
) |
|
|
(3,738 |
) |
Total liability for estimated costs in excess of estimated receipts during liquidation |
|
$ |
(2,848 |
) |
|
$ |
3,965 |
|
|
$ |
(4,297 |
) |
|
$ |
(3,180 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
January 1,
2024 |
|
|
Net Change
in Working
Capital (1) |
|
|
Remeasurement
of Assets and
Liabilities |
|
|
June 30,
2024 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Estimated inflows of interest income |
|
$ |
4,750 |
|
|
$ |
(2,503 |
) |
|
$ |
2,288 |
|
|
$ |
4,535 |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
General and administrative expenses |
|
|
(3,268 |
) |
|
|
7,052 |
|
|
|
(7,264 |
) |
|
|
(3,480 |
) |
Total asset for estimated receipts in excess of estimated
costs during liquidation |
|
$ |
1,482 |
|
|
$ |
4,549 |
|
|
$ |
(4,976 |
) |
|
$ |
1,055 |
|
Represents changes in cash, restricted cash, accounts receivable, accounts payable and accrued expenses as a result of the Company’s operating activities for the six months ended June 30, 2025 and 2024.
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